Fox News CEO Roger Ailes has signed a new three-year contract to stay with the cable network, it was announced Thursday. Ailes will continue to serve as Chairman and CEO of Fox News and Fox Business Network and Chairman of Fox Television Stations. He will “jointly report” to James and Lachlan Murdoch as well as 84-year-old Rupert Murdoch. The contract renewal comes after a whirlwind few weeks that began June 11, when CNBC broke the news that Rupert Murdoch would hand control of his media empire to his sons, with James becoming CEO of 21st Century Fox and older brother Lachlan becoming executive co-chairman, while Rupert would remain as executive co-chairman.
